Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 30.8% | 31.7% | 30.8% | 29.9% | 31.5% | 30.9% | 30.9% |
| EBITDA margin % | 5.3% | 12.6% | 11.7% | 11.7% | 12% | 11.6% | 11.6% |
| EBIT margin % | -1.3% | 5.9% | 6.4% | 7.7% | 8.4% | 8.3% | 8.6% |
| PAT margin % | -6.2% | 2.9% | 3.6% | 6.4% | 6.2% | 6.2% | 6.2% |
| Working capital | |||||||
| Receivable days | — | 49 | 56 | 50 | 46 | 64 | 52 |
| Inventory days | — | 92 | 81 | 72 | 75 | 71 | 70 |
| Payable days | — | 107 | 92 | 75 | 76 | 89 | 71 |
| NWC days | — | 34 | 45 | 47 | 45 | 46 | 51 |
| Leverage | |||||||
| Current ratio | — | 1.3 | 1.26 | 1.29 | 1.41 | 1.3 | 1.21 |
| Debt to EBITDA | — | 1.39 | 0.71 | 0.39 | 0.17 | 0.4 | 0.77 |
| Debt to equity | — | 0.47 | 0.22 | 0.13 | 0.06 | 0.12 | 0.29 |
| Interest coverage | -0.1 | 2.1 | 3.9 | 8.5 | 11.2 | 18.2 | 12 |
| Asset turnover | — | 1.14 | 1.29 | 1.5 | 1.58 | 1.38 | 1.63 |
| Return ratios | |||||||
| Return on assets % | — | 3.4% | 4.6% | 9.5% | 9.8% | 8.6% | 10.1% |
| Return on capital employed % | — | 11.1% | 13.5% | 19.7% | 23.7% | 22.8% | 27.8% |
| Return on equity % | — | 7.9% | 9.6% | 17.7% | 16.6% | 16.4% | 20% |
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.